Copyright 2014 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

MONUMENT, Colo. - One suspect has been arrested and two more are being sought in a $100,000 fraud operation out of Monument, authorities announced Tuesday.

The investigation by the Monument and Colorado Springs police departments, along with the El Paso County Sheriff's Office, began in March after the agencies began investigating numerous reports of fraud. The activity occurred along the Front Range, from Denver to Pueblo, investigators found.

Officers determined that the suspects in the cases were associated with two homes in the Monument area, the agencies said Tuesday. Search warrants were obtained for the residences, and arrest warrants were obtained for three individuals who were identified as suspects. The search warrants were served simultaneously Monday morning in the 17000 block of Crestview Court and the 15000 block of James Gate Place.

Among the eight people found inside the residences was one of the wanted suspects named in the warrants. Geider Morales, 24, was booked into the El Paso County Jail for investigation of ID theft, theft, money laundering, forgery and computer crimes.

The remaining two suspects in the investigation were not found at the locations. They are Kimberly Danais Navas , 21, and Eriec Joseph Rodriguez-Morales, 33.

So far, investigators have discovered fraudulent activity resulting in approximately $100,000 worth of loss from area businesses and individuals, with more than 50 different victims, a joint released stated.

Anyone with information related to this criminal activity is asked to call the appropriate law enforcement agency: Monument Police Department: 719-481-3253, the Colorado Springs Police Department: 719-444-7000, or the El Paso County Sheriff’s Office: 719-390-5555.

Note: 7NEWS confirmed the spelling of Eriec Rodriguez-Morales with the Monument Police Department.

Copyright 2014 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.